Segall Bryant & Hamill LLC Raises Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

Segall Bryant & Hamill LLC grew its position in Installed Building Products, Inc. (NYSE:IBP) by 149.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,075 shares of the construction company’s stock after acquiring an additional 48,559 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.29% of Installed Building Products worth $19,966,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Premier Fund Managers Ltd grew its holdings in shares of Installed Building Products by 41.6% during the third quarter. Premier Fund Managers Ltd now owns 80,108 shares of the construction company’s stock worth $20,051,000 after buying an additional 23,532 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Installed Building Products during the 3rd quarter worth approximately $2,418,000. Meeder Asset Management Inc. grew its stake in shares of Installed Building Products by 12,592.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 4,823 shares of the construction company’s stock valued at $1,188,000 after purchasing an additional 4,785 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of Installed Building Products by 91.6% in the third quarter. Pathstone Holdings LLC now owns 7,102 shares of the construction company’s stock valued at $1,749,000 after purchasing an additional 3,396 shares during the period. Finally, Joseph Group Capital Management acquired a new stake in shares of Installed Building Products during the third quarter worth $2,995,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on IBP shares. DA Davidson lowered their target price on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, November 8th. StockNews.com raised Installed Building Products from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. The Goldman Sachs Group lifted their price target on Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada cut Installed Building Products from a “sector perform” rating to an “underperform” rating and cut their price objective for the stock from $203.00 to $197.00 in a research report on Friday, November 8th. Finally, Evercore ISI boosted their target price on shares of Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $252.30.

Installed Building Products Trading Up 0.8 %

Shares of IBP opened at $208.53 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. Installed Building Products, Inc. has a 1-year low of $143.97 and a 1-year high of $281.04. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 23.17 and a beta of 1.95. The firm has a 50 day simple moving average of $230.78 and a 200-day simple moving average of $223.50.

Installed Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 0.67%. Installed Building Products’s dividend payout ratio (DPR) is 15.56%.

About Installed Building Products

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.